Small businesses need more support – Knoxville News Sentinel, 07/04/2010

In honor of the Fourth of July holiday, let’s consider what it takes for small business – the real backbone of the national economy – to be truly independent. Independence comes with access to capital. Small-business owners need capital to expand, to create jobs, to create new businesses. However, community banks – traditionally a primary

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Tight Credit Helps Lender’s Growth – Knoxville News Sentinel, 6/21/10

When All In One Automotive & Transmission needed to expand, owner Gary Chitwood went the traditional bank route to secure a loan for property and construction of a new garage. Enter Pathway Lending, which provided the small business with needed financing for the project that resulted in the addition of three employees. “The credit markets

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Loan fund offers help to small businesses – Knoxville News Sentinel, 6/06/10

With the ongoing credit crunch, borrowing money is hard these days, especially for startups and small businesses. But there are options for entrepreneurs with the next big idea. One is the Tennessee Rural Opportunity Fund, a $10 million revolving loan fund that provides below-market-rate loans to small, disadvantaged and startup businesses in rural areas. The

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$5 Million Raised for Rural Lending – Nashville Business Journal, 12-17-07

More than $5 million has been raised for Tennessee’s Rural Opportunity Fund. The fund is a public-private partnership between the State of Tennessee, the Tennessee Bankers Association (TBA) and Southeast Community Capital that will provide loans to rural businesses that do not have access to traditional financing. Sixteen community banks have committed money to the

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